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The crypto market is well-known for its volatility, especially compared to stocks and other traditional assets. A cursory look at crypto price charts shows extreme swings, even for the seemingly most established cryptocurrencies. The popularity of stablecoins — cryptocurrencies pegged to an established fiat currency, often the U.S. dollar (USD) — is mainly attributable to this volatility. By maintaining their pegs to USD, stablecoins provide a means of stability in this otherwise highly volatile environment.
No stablecoin asset in the cryptocurrency market today enjoys more popularity than Tether (USDT) — the world's top stablecoin by market cap and trading volumes. USDT's use among crypto traders is virtually ubiquitous, and its daily trading volumes are higher even than those of Bitcoin (BTC).
Bybit, one of the world's leading centralized cryptocurrency exchanges (CEXs), offers crypto traders and investors multiple ways to buy USDT. Purchasing USDT through Bybit ensures security, competitive rates and protections from one of the top crypto trading platforms in the industry. Moreover, once you buy your USDT, you can also put it to work on Bybit through the platform's various yield-generating products.
Key Takeaways:
Bybit offers its users five primary ways to buy USDT: P2P trading, One-Click Buy, Auto-Invest, the Bybit crypto debit card and the Bybit Convert function.
The USDT funds you purchase can immediately be used on the Bybit platform, either through trading on the Spot or Derivatives market or via multiple investment products, including Bybit Savings and Bybit Wealth Management.
There are five primary ways to buy USDT on Bybit, each of them described below with step-by-step instructions. Before you can buy USDT on Bybit, however, you'll first have to create an account with Bybit.
One of the most efficient ways to buy USDT on Bybit is via the P2P trading section. Bybit P2P trading allows individuals and businesses to buy and sell cryptocurrency via a peer-to-peer mode without intermediaries. You simply transact with another trader to purchase or sell your crypto at zero fees.
There are two main parties on the P2P platform — makers and takers. Makers place ads for buying or selling cryptocurrency, while takers are the users who place orders through the existing ads created by makers. Neither makers nor takers pay any fees on completed orders.
If you decide to go the P2P route to buy your USDT, you can either place a buy ad as a maker or select an existing offer as a taker. Placing ads is completely free, although there are certain requirements concerning trading activity. If you’re a beginning trader on the platform, and want the easiest way to purchase USDT, selecting an offer from an existing ad as a taker is probably the preferred route.
If you need to trade USDT in large volumes (typically tens or hundreds of thousands of USDT per transaction), you may also choose to consider P2P Block trading, which offers high order limits — up to $200,000 per order — as well as expedited transaction processing.
You can also use Bybit's P2P HotSwap feature to complete your USDT order more efficiently. HotSwap combines offers from P2P traders with liquidity options from third parties, potentially delivering more choices and options.
First, we’ll cover the steps to buy USDT via the standard option.
From Bybit’s homepage, choose Buy Crypto from the main menu at the top.
In the drop-down box, select P2P Trading.
The options for Buy and for USDT as the asset will be selected by default. (if this isn’t the case, please choose them in the top panel.)
In the same panel, enter the fiat amount and the fiat currency you'd like to spend, then select a preferred payment method.
Select from matching ads that will pop up on the screen by clicking on Buy USDT.
Enter the preferred amount to pay or receive and then click on Buy.
Once you’ve completed the payment, click on Payment Completed.
To buy using the P2P HotSwap option, follow these steps:
From the Bybit homepage, select Buy Crypto and then One-Click Buy.
Choose your fiat currency, USDT, as the preferred asset, and enter your desired purchase amount.
Select your preferred payment method.
Select Buy With [fiat].
Acknowledge the P2P HotSwap Transaction Service Agreement.
Click on Confirm to create your P2P HotSwap order.
Once a matching order is found, pay using your preferred payment method, then click on Payment Complete.
One-Click Buy is among the most convenient methods to buy USDT on Bybit. The One-Click Buy service (mentioned above in the steps for P2P HotSwap) can be used to quickly purchase crypto using several supported payment modes — P2P, bank card payments, third-party payments and the fiat balance of your account. You can use a credit or debit card, including the Mastercard-powered Bybit Card, bank transfers, Apple Pay, Google Pay and a wide variety of other payment methods to purchase USDT via the One-Click Buy function.
From Bybit’s homepage, select Buy Crypto and One-Click Buy.
Select your fiat currency, and USDT as the preferred asset.
Enter your desired purchase amount, either in USDT or in your fiat currency.
Select a preferred payment method. One-Click Buy offers different payment methods. We'll use perhaps the most common of these — payment by card. Select Bank Card in this step.
If you’re using your card for the first time, you’ll need to enter its details in this step. After successfully adding your card, click on Deposit.
Click on Buy With [fiat], then click on Confirm to complete your payment.
Auto-Invest is another way to purchase USDT on Bybit. The Auto-Invest option allows you to automatically buy crypto at regular intervals using the popular dollar-cost averaging (DCA) investment strategy.
To buy USDT via Auto-Invest:
Click on Buy Crypto from Bybit’s homepage.
Choose Auto-Invest.
In the Auto-Invest form, enter USDT as the asset to receive, then choose the fiat currency you’re paying with and the amount.
In the same form, select the frequency of auto-investing — daily, weekly, bi-weekly or monthly — and then click on Continue.
Make sure that your Auto-Invest details are correct, tick to agree with Bybit’s terms and privacy policy, then click on Confirm.
Bybit Card is a Mastercard crypto debit card that allows you to make payments easily online. The card is available to users in the following regions — EEA and CH, AIFC, Australia, Brazil and Argentina— with more locations to be added in the future. It’s accepted by more than 90 million merchants within the Mastercard network.
It’s easy to buy USDT using the Bybit Card, as you enjoy reward features like loyalty points and cashback for USDT transactions. The steps for buying USDT using the Bybit Card are nearly the same as shown above in the One-Click Buy section, with the only difference being that you’ll need to specify your Bybit Card as the preferred method of payment.
You can also buy USDT using the Bybit Convert service. Bybit Convert allows you to easily swap crypto assets without having to directly trade through the P2P route or other channels. Using Bybit’s order books, the platform immediately matches your order — e.g., to swap BTC for USDT — with current suitable orders and executes the requested swap. By leveraging Bybit’s vast trading volumes and activity, Bybit Convert enables swift and efficient swaps.
If you have non-USDT crypto funds in your account, you can take advantage of the Convert function to buy the stablecoin as follows:
After logging in to your account, choose the Trade tab from the top menu.
In the drop-down menu, select Convert.
In the Convert form, you'll see a field at the top in which you can choose your account type for the conversion. Not all account types on Bybit support the Convert function. You can use this function with Funding, Derivatives, Inverse Derivatives and Unified Trading accounts. Select your eligible account type (e.g., Funding).
Select the crypto asset you want to convert from, and USDT as the asset to receive, and enter the desired amount.
Click on Convert, and then on Confirm.
Using your newly purchased USDT for trading on Bybit is one of the best and most proactive ways to make your funds work for you. You can use Bybit’s Spot market to buy hundreds of cryptocurrencies using USDT. In fact, the Tether stablecoin is the default asset offered for swaps on the Spot market: it allows you to purchase high-cap assets, such as Bitcoin (BTC), Ethereum (ETH) or Solana (SOL); the most exotic mini-cap coins; and anything in between.
If you have experience with derivatives trading, you can also use USDT on Bybit’s Derivatives market to trade Perpetual Futures, Standard Futures and Options.
You can also use USDT for payments, as it’s probably the world’s most accepted cryptocurrency for buying goods, services or other crypto assets. While Bitcoin is the first asset that comes to mind when discussing crypto payments, it’s actually USDT that leads the charge here.
And with the Bybit Card, you’ll greatly expand the number of retailers you can buy from using USDT, thanks to Mastercard’s extensive and global merchant network.
Your USDT funds also create opportunities for crypto investment. Bybit offers diverse yield-bearing investment products based on USDT and other crypto assets. For instance, Bybit Savings allows you to earn both fixed- and flexible-term competitive APRs on your USDT investment. This is an ideal product for crypto enthusiasts who want a passive investment product with guaranteed returns.
If you have a significant amount of USDT to invest, you can also take advantage of Bybit Wealth Management products. Yields for these products are generated by applying advanced trading strategies on Bybit’s Spot and Derivatives markets by qualified, vetted third-party professional fund managers.
You can purchase Tether (USDT) on Bybit to enjoy secure transactions offered by a highly trusted cryptocurrency exchange platform. In most cases, transaction fees aren’t involved. You can also immediately put your USDT funds to active use via a variety of Bybit investment offerings. Moreover, products such as the Bybit Card allow you to expand the utility of USDT well beyond the crypto sphere, enabling you to use your funds at millions of retailers worldwide.
With all of these benefits, buying and using USDT through Bybit can deliver significant value to users of all kinds — active traders requiring frequent crypto transactions, long-term-focused investors, beginning traders taking their first steps in the industry — and many others.
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